Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Peter R
on 10/12/2013, 05:46:02 UTC
I've long admitted to being a long term holder, but there is a price that I would sell a significant percentage of my stash off at, and we are close to being within an order of magnitude of that number now.

mb300sd, why wait for a specific price to sell most/all?  Why not continually sell as the price goes up using something like the SSS divestment plan (https://bitcointalk.org/index.php?topic=345065.0)?  This way, if bitcoin eventually fails, you still do well, and if it becomes a dominant currency, you do extremely well.  By adjusting your rake % you can shift the balance between more fiat early on or more wealth should BTC succeed.